Encana Corporation. Interim Supplemental Information (unaudited) For the period ended March 31, U.S. Dollars / U.S. Protocol

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1 Interim Supplemental Information (unaudited) For the period ended March 31, U.S. Dollars / U.S. Protocol

2 Supplemental Financial Information (unaudited) Financial Results ($ millions, except per share amounts) Cash Flow 1,021 4, ,181 1, Per share - Diluted (3) Operating Earnings (2, 4) 240 1, Per share - Diluted (3, 4) Net Earnings (Loss) 12 5 (476) (361) Per share - Diluted (3) (0.65) (0.49) Effective Tax Rate using Net Earnings 97.2% 77.3% Canadian Statutory Rate 25.0% 26.5% Foreign Exchange Rates (US$ per C$1) Average Period end Cash Flow Summary Cash From (Used in) Operating Activities 617 3,927 1,005 1, Deduct (Add back): Net change in other assets and liabilities (20) (160) (30) (26) (75) (29) Net change in non-cash working capital (375) (15) (34) (277) Cash tax on sale of assets (9) (114) (114) Cash Flow 1,021 4, ,181 1, Operating Earnings Summary Net Earnings (Loss) 12 5 (476) (361) After-tax (addition) deduction: Unrealized hedging gain (loss) (88) Impairments - (1,687) (1,105) - - (582) Non-operating foreign exchange gain (loss) 86 (99) 82 (325) Estimated annual effective tax rate adjustments (4) (359) - (82) 122 (31) (9) Operating Earnings (2, 4) 240 1, (2) (3) Cash Flow is a non-gaap measure defined as Cash from Operating Activities excluding net change in other assets and liabilities, net change in non-cash working capital and cash tax on sale of assets. Operating Earnings is a non-gaap measure defined as Net earnings excluding non-recurring or non-cash items that Management believes reduces the comparability of the Company's financial performance between periods. Under U.S. GAAP, these after-tax items may include, but are not limited to, unrealized hedging gains/losses, impairments, foreign exchange gains/losses, income taxes related to divestitures and adjustments to normalize the effect of income taxes calculated using the estimated annual effective tax rate. Net earnings, operating earnings and cash flow per common share are calculated using the weighted average number of Encana common shares outstanding as follows: (millions) (4) Weighted Average Common Shares Outstanding Basic Diluted In conjunction with adopting U.S. GAAP, the Company has updated its quarterly Operating Earnings definition to calculate income taxes based on the discrete quarter results and exclude income taxes related to divestitures. The estimated annual effective tax rate is significantly impacted by items including tax on divestitures and related pool adjustments, international financing and the nontaxable portions of capital gains or losses. The difference between the discrete method and the estimated annual effective tax rate method is presented as an estimated annual effective tax rate adjustment. The quarterly comparatives have been restated. 1

3 Supplemental Financial & Operating Information (unaudited) Financial Metrics Q1 Year Debt to Debt Adjusted Cash Flow (1, 2) 1.7x 1.8x Debt to Adjusted EBITDA (1, 2) 1.7x 1.9x Debt to Capitalization 48% 49% Calculated using long-term debt, including current portion. (2) Calculated on a trailing 12-month basis. Net Capital Investment ($ millions ) Capital Investment Canadian Division 515 2, USA Division 563 2, ,078 4, ,152 1,088 1,276 Market Optimization Corporate & Other Capital Investment 1,120 4,610 1,008 1,186 1,122 1,294 Acquisitions Property Canadian Division USA Division Divestitures Property Canadian Division (2,399) (350) (200) (23) (29) (98) USA Division (114) (1,730) (1,385) (32) (14) (299) Net Acquisitions and Divestitures (2,360) (1,565) (1,538) (4) 108 (131) Net Capital Investment (1,240) 3,045 (530) 1,182 1,230 1,163 Production Volumes - After Royalties (average daily) Natural Gas (MMcf/d) Canadian Division 1,493 1,454 1,515 1,460 1,445 1,395 USA Division 1,779 1,879 1,944 1,905 1,864 1,801 3,272 3,333 3,459 3,365 3,309 3,196 Oil & NGLs (Mbbls/d) Canadian Division USA Division

4 Supplemental Oil and Gas Operating Statistics (unaudited) Operating Statistics - After Royalties Per-unit Results, Excluding Impact of Realized Financial Hedging Natural Gas - Canadian Division ($/Mcf) Price Production and mineral taxes (0.01) Transportation and processing Operating Netback Natural Gas - USA Division ($/Mcf) Price Production and mineral taxes Transportation and processing Operating Netback Natural Gas - Total ($/Mcf) Price Production and mineral taxes Transportation and processing Operating Netback Liquids - Canadian Division ($/bbl) Price Production and mineral taxes Transportation and processing Operating Netback Liquids - USA Division ($/bbl) Price Production and mineral taxes Transportation and processing Operating Netback Liquids - Total ($/bbl) Price Production and mineral taxes Transportation and processing Operating Netback Impact of Realized Financial Hedging Natural Gas ($/Mcf) Canadian Division USA Division Total The Canadian Division per-unit results for transportation and processing expenses and operating expenses have been updated to present processing costs with transportation expense. Formerly these processing costs were presented in operating expenses. Encana has updated its presentation as a result of the Canadian Division entering into firm gathering and processing agreements with the divestiture of its two natural gas processing plants during the three months ended March 31,. Encana believes the nature of processing costs more closely align with transportation expense. 3

5 Supplemental Oil and Gas Operating Statistics (unaudited) Operating Statistics - After Royalties (continued) Per-unit Results, Including Impact of Realized Financial Hedging Natural Gas Price ($/Mcf) Canadian Division USA Division Total Natural Gas Netback ($/Mcf) Canadian Division USA Division Total Liquids Price ($/bbl) Canadian Division USA Division Total Liquids Netback ($/bbl) Canadian Division USA Division Total The Company did not have any oil hedges in place during the periods presented. Accordingly, the per-unit results including the impact of realized financial hedging are equivalent to the per-unit results excluding financial hedging. 4

Encana Corporation. Interim Supplemental Information (unaudited) For the period ended December 31, U.S. Dollars / U.S.

Encana Corporation. Interim Supplemental Information (unaudited) For the period ended December 31, U.S. Dollars / U.S. Encana Corporation Interim Supplemental Information (unaudited) For the period ended December 31, U.S. Dollars / U.S. Protocol for the period ended December 31, Supplemental Financial Information (unaudited)